Container Store Group Inc (NYSE:TCS) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $8.56 and last traded at $8.33, with a volume of 9922 shares changing hands. The stock had previously closed at $8.34.
Separately, Zacks Investment Research lowered shares of Container Store Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th.
The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 1.12. The company has a market cap of $385.89 million, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.54.
Container Store Group (NYSE:TCS) last released its quarterly earnings data on Tuesday, May 22nd. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). Container Store Group had a net margin of 2.27% and a return on equity of 5.77%. The business had revenue of $232.80 million during the quarter, compared to analyst estimates of $230.03 million. The firm’s revenue was up 5.3% on a year-over-year basis. equities research analysts predict that Container Store Group Inc will post 0.4 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in Container Store Group by 925.2% in the 1st quarter. LSV Asset Management now owns 485,952 shares of the specialty retailer’s stock worth $2,643,000 after acquiring an additional 438,552 shares during the period. Millennium Management LLC raised its holdings in Container Store Group by 207.2% in the 4th quarter. Millennium Management LLC now owns 329,861 shares of the specialty retailer’s stock worth $1,564,000 after acquiring an additional 222,469 shares during the period. Cornercap Investment Counsel Inc. bought a new position in Container Store Group in the 4th quarter worth $627,000. Two Sigma Investments LP bought a new position in Container Store Group in the 4th quarter worth $472,000. Finally, Strs Ohio raised its holdings in Container Store Group by 151.8% in the 4th quarter. Strs Ohio now owns 112,300 shares of the specialty retailer’s stock worth $532,000 after acquiring an additional 67,700 shares during the period. 77.52% of the stock is owned by institutional investors and hedge funds.
About Container Store Group
The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates through two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including bath, box, closets, collections, containers, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products.
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